10 Startups To Watch In Azerbaijan In 2024

Azerbaijan’s startup scene is thriving, and 2024 is set to be an exciting year. From eco-friendly initiatives to innovative tech solutions, these ten startups are ones to watch.


1. MyBostan – Fresh Grocery Connection


MyBostan - Fresh Store | LinkedIn


MyBostan is revolutionising the grocery shopping experience in Azerbaijan by providing a direct link between consumers and farmers. This innovative platform allows customers to purchase fresh, locally-sourced produce with just a few clicks. By bridging the gap between rural growers and urban dwellers, MyBostan ensures freshness and quality while supporting local agriculture.

It’s not only convenient but also fosters a sustainable food ecosystem. This startup is quickly becoming a favoured choice for those seeking fresh, high-quality groceries delivered straight to their door.


2. Unibank – Online Currency Exchange


Azerbaijan's Unibank names share of digital advertising


Unibank is changing the face of banking in Azerbaijan with its intuitive online currency exchange services. This platform enables users to effortlessly buy and sell different currencies, greatly simplifying international transactions and travel finances.

Known for its user-friendly design and robust security measures, Unibank provides a reliable and efficient solution for modern banking needs. It stands out in the financial technology sector for its commitment to ease and accessibility, making it an indispensable tool for both seasoned travellers and those dealing in foreign currencies.


3. Plustechfy – Battling Plastic Pollution


Plustechfy | LinkedIn


Plustechfy is taking a stand against plastic pollution, one of the most pressing environmental issues today. This Azerbaijan-based initiative is gaining traction for its innovative approaches to reducing plastic waste.

Through community engagement and education, Plustechfy is not only raising awareness but also driving real change. Its efforts are instrumental in reducing Azerbaijan’s ecological footprint and promoting a more sustainable future. By tackling plastic pollution head-on, Plustechfy is setting an example of environmental stewardship and innovation.


4. Locavis – Ecofriendly Car Sharing


Locavis — Vikipediya


Locavis is pioneering eco-friendly car sharing in Azerbaijan, offering a convenient and sustainable transportation alternative. This innovative app-based service allows users to rent cars on a location basis, significantly reducing the need for personal vehicle ownership and consequently, the carbon footprint.

By prioritising user convenience and environmental responsibility, Locavis is not only facilitating easy mobility but also promoting green travel practices. Its commitment to eco-friendliness and technological innovation makes it a standout in Azerbaijan’s growing sharing economy.


5. Alkredit.az – Loan Comparison Platform


alkredit.az | LinkedIn


Alkredit.az is transforming financial decision-making in Azerbaijan with its comprehensive loan comparison platform. This user-friendly website allows individuals to effortlessly compare various loan options, ensuring they can make informed and financially sound choices.

By providing clear, concise information on different loan products, Alkredit.az demystifies financial planning and empowers consumers. This service is rapidly becoming an essential tool for those navigating the often complex world of personal finance, setting a new standard for financial literacy and convenience.



6. Golden Pay – Leading Payment Services


GoldenPay Company Profile: Valuation, Funding & Investors | PitchBook


Golden Pay is at the forefront of digital payment solutions in Azerbaijan, offering secure and innovative payment services. This company has established itself as a leader in the field by providing a range of payment options that cater to the evolving needs of modern consumers and businesses.

Golden Pay’s commitment to reliability, user-friendliness, and cutting-edge technology ensures a smooth transaction experience. As digital transactions become increasingly prevalent, Golden Pay’s role in shaping the future of digital payments in Azerbaijan is both significant and commendable.


7. Owbike – Cloud-Based Website Creation


Owbike - Crunchbase Company Profile & Funding


Owbike is changing the digital landscape in Azerbaijan with its cloud-based website creation technology. Catering to businesses of all sizes, this platform offers scalable solutions for building and managing online presences.

Its user-friendly interface combined with powerful cloud infrastructure makes website development accessible and efficient. Whether for small startups or large enterprises, Owbike’s innovative approach simplifies the process of creating a professional and dynamic web presence, positioning it as a key player in Azerbaijan’s digital economy.


8. Shrippy – Shared Shopping Experiences


Shrippy Company Profile: Valuation, Funding & Investors | PitchBook


Shrippy introduces an engaging way for consumers in Azerbaijan to share their shopping experiences. This unique platform fosters a community where users can exchange opinions, reviews, and tips about products and services.

By enhancing consumer engagement, Shrippy provides valuable insights to businesses while enriching the shopping journey for users. Its focus on shared experiences and customer interaction is setting new standards in the e-commerce sector, making shopping not just a transaction but a shared, social experience.


9. Vizam.az – Online Visa Application Tool



Vizam.az is simplifying the visa application process with its user-friendly online tool. This innovative platform caters to various visa types, streamlining what is often a complex and time-consuming process.

Whether for tourism, business, or study, Vizam.az makes visa applications accessible and straightforward, saving time and reducing stress for applicants. Its efficiency and ease of use are highly valued by travellers and expatriates alike, making Vizam.az a go-to resource for visa applications in Azerbaijan.


10. Spendonate – Shop and Support Causes



Spendonate offers a novel way for shoppers in Azerbaijan to support charitable causes. Through this mobile app, users can earn cashback while shopping at over 500 merchants and choose to donate their earnings to various charities.

Additionally, the platform enables users to create social fundraising campaigns, raising awareness and funds for specific projects. Spendonate seamlessly blends commerce and philanthropy, making it easy for individuals to contribute to societal good while engaging in everyday shopping activities.


Azerbaijan’s startup ecosystem is diverse and dynamic. These ten startups not only reflect the innovative spirit of the nation but also its commitment to sustainability, technology, and social impact. As we move into 2024, these companies are not just businesses to watch; they’re shaping the future of Azerbaijan’s economy and society.